Promoting the Sustainable Development Governance Framework
To effectively promote the company's ESG sustainable development direction and corporate social responsibility, as well as proactively respond to stakeholders' risk assessments and corresponding strategies to achieve sustainable operations, the company officially established the Sustainable Development Committee in July 2024. The first committee meeting was held in October, and in November, during the Q4 board meeting, the committee reported and discussed key issues, including the progress of the sustainability report preparation, greenhouse gas inventory and verification plans, and other related matters, elevating the company's sustainability objectives to the board level.
A Sustainability and Stakeholder Office was established under the committee to drive and execute sustainability-related initiatives. The company has also formulated procedures for the preparation and verification of the sustainability report, incorporating them into the internal control system. Additionally, at least once a year, the previous year’s ESG implementation status is reported to the board, covering material topics identified by the company, corresponding risk responses, and targets and execution status for these material topics. Each year, the board of directors reviews the Sustainable Development Committee’s report, evaluates the feasibility of policies and targets set for key ESG issues, and assesses the company's ESG implementation progress. This ensures that the board is actively involved in the company's ESG practices.
Sustainability and Stakeholder Office, Functional Teams
The Sustainability and Stakeholder Office is responsible for coordinating and identifying significant sustainability issues related to the company’s operations and stakeholders’ concerns. It develops short, medium, and long-term sustainability development plans and work guidelines, allocates sustainability-related budgets, and plans and implements annual projects. The office also tracks the execution effectiveness to ensure that sustainability strategies are fully implemented in the company’s daily operations. The General Manager serves as the office convener, and an Executive Secretary is appointed to oversee coordination.
The Sustainability Office oversees four functional Teams: the Environmental Sustainability Group (E), Employee Care Group (S), Corporate Governance Group (G), and Product Ethics and Safety Group (P). Each subcommittee is led by the highest-ranking officer of the relevant department, who is responsible for executing the corresponding ESG tasks. They are also supposed to submit management guidelines and relevant information on major issues annually for use in the sustainability report and external disclosures.
